ITR-2 is Live - NRIs, File Early & Get Your Refunds Faster
ITR-2 for FY24-25 are now open. File early to claim refunds faster & skip the rush!
If you're an NRI earning from property, mutual funds, crypto, or running a business in India — it’s time to get your tax filing underway.
The Indian Income Tax Department has opened ITR-2 and ITR-3 for FY 2024-25 (AY 2025-26). Filing early not only means faster refunds but also helps you avoid last-minute errors and stress.
The due date is September 15, 2025 — but there's no reason to wait until then.
Start Filing Today - https://app.goinri.com/india-tax-filing
👤 Who Should Use ITR-2 and ITR-3?
ITR-2 is ideal for NRIs who:
Have capital gains from property, shares, or mutual funds
Earn dividends or crypto income
Have income from multiple sources except business/profession
ITR-3 is for NRIs who:
Have income from business or profession (including crypto trading as a business)
Earn capital gains or other income along with business/profession income.
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You get a $30 Amazon voucher for every successful referral. 10 friends get you $300!
Your friend gets $30 off their tax filing. It’s a win-win!
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🔍 Key Changes in ITR-2 and ITR-3 You Should Know
1. Capital Gains Split by Date
You must now separately report capital gains before and after July 23, 2024, due to changes in tax rates. This applies to gains from stocks, property, mutual funds, and other capital assets.
2. Losses on Share Buybacks Can Be Reported
If you incur a capital loss on share buybacks after October 1, 2024, you can now report it and set it off—only if you declare the associated dividend income.
3. Higher Threshold for Asset & Liability Disclosure
NRIs with Indian income below ₹1 crore no longer need to report personal assets and liabilities. The previous threshold was ₹50 lakh.
4. Mandatory Crypto Income Reporting
If you invest or trade in crypto assets, they must now be reported clearly.
For investment gains: use ITR-2
For business-like trading activity: use ITR-3
5. New Section 44BBC Introduced (ITR-3)
A new presumptive taxation section for businesses in the cruise shipping sector has been added — applies only if relevant.
6. Mandatory TDS Section Code Reporting
Taxpayers must now mention the exact section under which TDS was deducted (e.g., 195 for NRI payments, 194I for rent). This improves accuracy and speeds up processing.
7. More Detailed Deduction Reporting
When claiming deductions (like 80C for LIC/PPF or home loan interest under Section 24), you must now provide supporting details — like policy numbers, lender names, and other proof.
💡 Why File Early?
✅ Get refunds processed faster
✅ Avoid technical issues and last-minute pressure
✅ Allow time to gather supporting documents and validate TDS
✅ Reduce the risk of notices due to rushed filings
👨💼 Need Help With ITR-2 or ITR-3?
Let iNRI take care of the hard part.
Whether it’s capital gains, crypto, or deductions — we’ve got you covered.
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🎯 Expert support with complex income and compliance
🔎 Accurate, audit-proof filings with maximum refund optimization
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